MATIC Strikes to 6-Month Excessive, ATOM up 10% – Market Updates Bitcoin Information

Bitcoin News


Polygon rose for a second consecutive session on Friday, climbing by as a lot as 20%. This surge pushed costs of the token to their highest stage since Could. Cosmos was one other massive gainer on Friday, with costs rallying to a five-week excessive. Total, the cryptocurrency international market cap is now buying and selling 2.64% larger.

Polygon (MATIC)

Polygon (MATIC) was buying and selling larger for a second consecutive session on Friday, because it rose by as a lot as 20%.

Following a low of $0.9267 on Thursday, MATIC/USD rallied to an intraday peak of $1.15 earlier at present.

Immediately’s positive aspects took the token to its highest stage in precisely six months, when costs had been buying and selling above $1.18 on Could 4.

Biggest Movers: MATIC Moves to 6-Month High, ATOM up 10%
MATIC/USD – Each day Chart

As will be seen from the chart, the transfer occurred as costs broke out of a key resistance stage of $0.95.

Along with this, the 14-day relative energy index (RSI) is now monitoring close to a ceiling of 77.00, for the primary time since mid-July.

Costs at the moment are deep in overbought territory, which might be an invite to bears to start reentering the market in coming days.

Cosmos (ATOM)

Along with MATIC, cosmos (ATOM) broke out of a key resistance stage of its personal, as costs had been buying and selling over 10% larger.

ATOM/USD rallied to a excessive of $14.97 earlier in at present’s session, which comes a day after sitting at a backside of $13.44

This peak has resulted in ATOM hitting its highest level since September 23, when the token failed to maneuver previous a ceiling of $15.25.

Biggest Movers: MATIC Moves to 6-Month High, ATOM up 10%
ATOM/USD – Each day Chart

As of writing, costs have already begun to slide, now at $14.73, which comes because the RSI appears to have hit a wall.

Trying on the chart, the index is monitoring at 66.50, near a ceiling of 66.80, which has additionally been in place since September.

Except value energy strikes past this level, it’s unlikely that ATOM will proceed to increase at present’s positive aspects.

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Do you count on cosmos to climb past its upcoming resistance this weekend? Tell us your ideas within the feedback.

Eliman Dambell

Eliman brings an eclectic perspective to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. At present, he acts as a commentator throughout numerous asset courses, together with Crypto, Shares and FX.

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